 "SpiceJet offers valuation comfort; best play among aviation stocks: Experts")
Airline companies did not have much to cheer about in financial year 2018 – 19 (FY19) as rise in aviation turbine fuel (ATF) prices, depreciation in rupee and intense fare competition hit their financials and stock prices hard. In addition, troubles in individual companies such as Jet Airways (acquisition talks) and pilot shortage at InterGlobe Aviation (IndiGo’s parent) also added to their woes.
At the bourses, Jet Airways, InterGlobe Aviation and SpiceJet have underperformed the benchmark S&P BSE Sensex so far in FY19. According to the data compiled from ACE Equity, Jet Airways has crashed 62 per cent (as of
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